Why is it beneficial to invest in property in Pune, India?

Do you intend to purchase real estate in India as a non-resident Indian? If so, this is the appropriate time. Moving to a city that is rapidly expanding makes it easier to make an investment. There are many developing cities to take into account, but only a select few can compare to Pune’s vigour and energy. In this city, real estate investing has gotten more popular recently and is still going strong.

The best thing about this city is that ideal residential projects can be found on its outskirts. Kharadi, Hinjawadi, Pimpri, Wakad, Baner, and other areas are examples. Among these, Hinjawadi real estate is one of the most in demand. Having said that, it is critical to understand why Pune is the best choice for your real estate investment and how Hinjawadi can be a good long-term bet.

Pune – The Smart City

Pune is one of India’s fastest-growing smart cities. It is ranked first among India’s most livable cities. The city is known as the “Oxford of the East” because it has over 811 colleges and higher education centres.

Pune drew students from neighbouring Mumbai and other Indian cities in the 1990s because it had many educational institutions that taught computer science. Computer technologies were gradually gaining traction. This sparked a technological revolution in the city. With the establishment of Rajiv Gandhi Infotech Park in Hinjawadi in 1998, this revolution took on a new dimension. It now accounts for 30% of the state of Maharashtra’s IT exports.

Hinjawadi – The Digital Republic

Most of the top international IT companies have offices in Hinjawadi, making it one of India’s largest IT hubs. This IT sector, combined with Pune’s popularity as a major automobile and engineering hub, makes it one of India’s most popular foreign direct investment (FDI) destinations. Hinjawadi is home to more than 110 leading IT and ITes firms, as well as 400 local start-ups. This location draws IT professionals from all over India and the world. Because of its new status as a digital republic (read IT hub), there is a high demand for livable residential properties in the city. This is a great place to strike gold.

Hinjawadi – A Place that Means Growth 

The cost of living index in several cities, such as Bangalore, has risen dramatically as a result of their transformation into IT hubs. However, this is not the case in Pune. Despite the fact that the rate of appreciation and rental values have skyrocketed in recent years, housing in IT suburbs like Hinjawadi remains affordable! You’ll be surprised to learn that a luxurious 2BHK apartment in Hinjawadi starts at Rs 71 Lakhs and above, whereas it can cost up to Rs 2 Crores in Bengaluru and other cities. Here, you can find several villas and home projects, such as Eon Homes by Kasturi Housing in Hinjawadi Phase III. The project is near several workplaces, including Tech Mahindra.

Similarly, Hinjawadi is known for its vibrant lifestyle and connectivity to other areas of Pune and neighbouring cities via a network of well-connected internal roads, the Mumbai-Pune Expressway, and the Mumbai-Bengaluru Highway.

What comes next? If you can wait until 2020, Hinjawadi is one of the prime destinations for Line 3 metro, which will run between Hinjawadi and Shivaji Nagar.

The time has come to invest in Pune, particularly Hinjawadi. And Eon Homes by Kasturi Housing should be at the top of your list of investment properties.